How Much Can I Borrow?

You must have a minimum of 1,250.00 of monthly gross income for your business, so the maximum loan amount on that income is $2,500.00.

The maximum loan amount that any business can borrow is 1 million dollars. This means that you would need to have $500,000.00 in monthly gross income.

What is the Interest Rate?

Interest rates are determined on a case-by-case-basis. Basictech cannot, and will not speculate or guarantee any specific interest rate.

We will however tell you that the interest is fixed. Mom and Pop Merchant Solutions will review your application and make you an offer based on certain criteria.

Please note that your personal credit is not a major determining factor. However, they reserve the right to pull a credit report. These loans are based on your business gross monthly income and business activity.

The time you have been in business, and your online reputation are initial determining factors. If you have a good business, you will get approved.